Any amounts of cash, checks, the value of property, etc. that you receive from some sources for performing your services or doing odd jobs and more items would be taxable pay.
Go to the IRS gov website and use the search box for Publication 525 (2009), Taxable and Nontaxable Income
Publication 525 - Main Content
calculate taxable pay
Is severance pay taxable in the philippines
You don't pay tax on the tax-free pay and you do pay tax on taxable income
yes
The amount of an individual's annual income on which tax is payable Here is a link: http://www.finance-glossary.com/define/taxable-pay/1415/0/T
calculate taxable pay
Is severance pay taxable in the philippines
they have you pay the money on like a scheduled plan to make sure you pay them by a certain date...idk im just a kid that's just what makes sense to me.
Yes it is possible that have some taxable income for a pay recovery, and if you have received such a notice saying that it is a taxable recovery amont, yes, it would be taxable income.
You don't pay tax on the tax-free pay and you do pay tax on taxable income
You mean they are paying you while you can't work. Yes that is taxable...just like the income it is replacing would have been.
yes
If you have taxable income, yes.
The amount of an individual's annual income on which tax is payable Here is a link: http://www.finance-glossary.com/define/taxable-pay/1415/0/T
Yes, redundancy pay is part of your income and is therefore taxable. Of course, if you have been declared redundant, your next year's income will probably be lower, and hence you will pay less income tax.
U will see whether it is taxable or below taxable limit. As long it is beyond taxable limit, u will have to pay tax on taxable income on prescribed rates. If all the income is below taxable limit, no tax to be paid
The taxable status of short term disability depends upon how you pay the premium. If you pay for short term disability at work via pre-tax deductions, the benefit will be taxable. If you pay with after tax deductions, you keep the entire benefit free of any taxes.